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Ojai Products, a distributor of organic beverages, needs a cash budget for September. The following information is available:

a.	The cash balance at the beginning of September is $12,800.
b.	Actual sales for July and August and expected sales for September are as follows:

	July		August		September
Cash sales	$	6,100	$	4,100	$	9,500
Sales on account		21,000		26,000		37,000
Total sales		27,100		30,100		46,500

	Sales on account are collected over a three-month period as follows: 10% collected in the month of sale, 65% collected in the month following sale, and 21% collected in the second month following sale. The remaining 4% is uncollectible.
c.	Purchases of inventory will total $25,000 for September. Thirty percent of a month's inventory purchases are paid for during the month of purchase. The accounts payable remaining from August's inventory purchases total $16,000, all of which will be paid in September.
d.	Selling and administrative expenses are budgeted at $14,000 for September. Of this amount, $4,000 is for depreciation.
e.	Equipment costing $18,000 will be purchased for cash during September, and dividends totaling $4,000 will be paid during the month.
f.	The company maintains a minimum cash balance of $8,800. An open line of credit is available from the company

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